Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 9.16 - Receivership or voluntary liquidation of bank.

If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.

authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q,78q,and
source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.
cite as: 12 CFR 9.16